In 2009, China Overseas Real Estate acquired the last piece of Feng Shui land in the Qiandeng Lake section of Guicheng for 3.82 billion yuan, with the floor price reaching 6,494.78 yuan per square meter. It is understood that China Overseas Real Estate will use its strong brand advantage to open a new era of luxury homes in Foshan and build the most high-end high-rise residential projects in Foshan. The project is expected to be launched on the market in September this year. The total construction area of ??the China Overseas Qiandeng Lake Garden (Phase I) project is 310,062.66 square meters, including 163,561 square meters of residential construction area, 2,536 square meters of commercial construction area, 3,200 square meters of kindergarten construction area, 3,582.66 square meters of supporting facilities construction area, and underground construction area 137,183 square meters.